Builders Risk Insurance

Looking for Builders Risk Insurance in Bethel?

Builder’s Risk Insurance, which some refer to as Course of Construction Insurance, is a form of commercial property insurance which covers a building where the building or insured area is presently being constructed or heavily remodeled.

It can cover just the structure, or also the materials on site waiting to be installed or transported to the job site.

The builder’s risk insurance policy will pay for damages up to the coverage limit in the policy. The limit must accurately reflect the total completed value of the structure (all materials and labor costs, but not including land value).

The construction budget is the best source for determining the appropriate limit of insurance.

Builder’s Risk insurance policies can often be purchased in terms of three-months, six-months, or 12-months. If the project is not completed by the end of the initial policy term, it can often be extended, but usually only one time.

How much does a Builder’s Risk Insurance cost?

The builders risk policy will provide coverage for damage done to the insured structure from a wide variety of events.

Damage from the following events will be covered by most policies:

Fire

Wind (may be limited in coastal areas)

Theft

Lightning

Hail

Explosion

Vandalism

Vehicles/Aircraft

You should read your course of builder’s risk insurance policy to be familiar with its limitations and exclusions. Limited coverage is provided for collapse.

Standard exclusions include:

Earthquake

Employee theft

Water damage

Weather damage to property in the open

War

Government action

Contract penalty

Voluntary parting

Mechanical breakdown

An important exclusion which should be read in its entirety excludes coverage for damage resulting from faulty: design, planning, workmanship and materials. Earthquake and flood coverage may be purchased in some areas.

How to get started on your Builders Risk quote

You can either call our office, or start your quotes below, and submit some basic information. Either way, we’ll make the process as simple as possible!

1Products

2Contact Info

3Location

4Documents

5Final Comments

Hello! What would you like a quote for?*

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Primary Policyholder Name*

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Insured Location Address*

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This is not required, but if readily available, please upload your most current insurance policy coverage declarations pages in PDF format so we can see the exact coverage limits you'd like us to compare. These can be easily downloaded from your online profile with your current provider (if you have a login), or from your current agent.

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